SWIFT Code EFSGDEM1 — EUROPEAN BANK FOR FUND SERVICES GMB, ASCHHEIM

About SWIFT Code EFSGDEM1 — EUROPEAN BANK FOR FUND SERVICES GMB, ASCHHEIM

SWIFT code EFSGDEM1 is the official 8-character head-office BIC (Bank Identifier Code) for EUROPEAN BANK FOR FUND SERVICES GMB in ASCHHEIM, Germany. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by EUROPEAN BANK FOR FUND SERVICES GMB for all outward international remittances from ASCHHEIM. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code EFSGDEM1

The code EFSGDEM1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code EFSGDEM1

Receiving International Wire Transfers

To receive money from abroad at your EUROPEAN BANK FOR FUND SERVICES GMB account in ASCHHEIM, share SWIFT code EFSGDEM1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at EUROPEAN BANK FOR FUND SERVICES GMB, ASCHHEIM must provide SWIFT code EFSGDEM1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using EUROPEAN BANK FOR FUND SERVICES GMB in ASCHHEIM rely on SWIFT code EFSGDEM1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for EUROPEAN BANK FOR FUND SERVICES GMB →

For cheque clearing or NACH mandates, use the MICR code for EUROPEAN BANK FOR FUND SERVICES GMB →

For TDS challan deposits, find the BSR code for EUROPEAN BANK FOR FUND SERVICES GMB →

How SWIFT Code EFSGDEM1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code EFSGDEM1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to EUROPEAN BANK FOR FUND SERVICES GMB.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: EUROPEAN BANK FOR FUND SERVICES GMB receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code EFSGDEM1

• Spaces or lowercase letters — Always enter EFSGDEM1 uppercase with no spaces.
• Using the wrong city — This code is for ASCHHEIM only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Germany.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm EFSGDEM1 directly with EUROPEAN BANK FOR FUND SERVICES GMB's ASCHHEIM branch or via the SWIFT BIC Directory.